ANZ today announced it would increase interest rates on Standard Variable Rate Home
Loans by 0.25%pa, following the Reserve Bank of Australia’s decision to increase the
official cash rate.
Interest rates for ANZ’s variable rate mortgage products will increase by 0.25%pa for
new and existing customers on the same date. The new rate on the Standard Variable
Rate Home Loan will be 6.91%pa, which is equivalent to a 7.01%pa comparison rate.
ANZ CEO Australia Phil Chronican said: “Funding costs remain high and increasingly this
looks to be a permanent part of the world’s financial landscape following the global
financial crisis.
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http://www.anz.com.au/resources/4/e/4e2db800419be4bdbb50fb6bc18dd1dc/ANZ+changes+mortgage+lending+and+deposit+rates+-+2+March.pdf
ANZ today announced it would increase interest rates on Standard Variable Rate Home
Loans by 0.25%pa, following the Reserve Bank of Australia’s decision to increase the
official cash rate.
Interest rates for ANZ’s variable rate mortgage products will increase by 0.25%pa for
new and existing customers on the same date. The new rate on the Standard Variable
Rate Home Loan will be 6.91%pa, which is equivalent to a 7.01%pa comparison rate.
ANZ CEO Australia Phil Chronican said: “Funding costs remain high and increasingly this
looks to be a permanent part of the world’s financial landscape following the global
financial crisis.